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O&G
‘Financial Meteorologists’ And Their Political Predictions About The Russian Economic Storm – OpEd
By Andrew Korybko Credit rating agencies are predicting quite a storm for the Russian economy, and they are therefore threatening to lower the country’s status to ‘junk’ level. Just as a weatherman may be incorrect about their storm predictions, so too may a ‘financial meteorologist’, except the latter has ulterior motives in doing so. S&P has … Continue reading
Western Sanctions And Russia’s Oil And Gas Challenges – OpEd
By Michael Bradshaw Russians did not actually celebrate Christmas until the 7th of January, but no doubt most are wishing for a rapid rebound in the oil price and a significant recovery in the value of the ruble. Unfortunately, neither seems likely anytime soon. Similarly, Western governments—led by the US and EU—are unlikely to lift … Continue reading
Moody’s Downgrades Russia To Just Above Junk Level
Moody’s international ratings agency has downgraded Russia’s sovereign credit rating to Baaa3, which is just one notch above the non-investment grade. It follows similar moves from Fitch and Standard & Poor’s. The agency said the sharp decline in oil prices and Russia’s national currency – which could further undermine the country’s “subdued growth prospects” – … Continue reading
Nigeria’s Credit Rating Is Under Increased Pressure From Oil Plunge, Boko Haram
Nigeria’s sovereign credit rating is under increased stress amid the plunge in oil prices, which is compounded by violent attacks by the Boko Haram, according to Moody’s Investors Service, Bloomberg reports. Nigeria, which is Africa’s largest oil producer and also its largest economy, is falling under mounting pressure as violent attacks from the Boko Haram … Continue reading
Venezuela, Russia Agree On Cooperation To Develop Orinoco Oil Belt
Venezuela and Russia have reached an agreement to step up investment and participation of Russian companies in development of Orinoco Belt oil reserves and other projects, Venezuelan President Nicolas Maduro said on Thursday after a meeting with Russian President Vladimir Putin in Moscow. The press service of the Venezuelan presidential administration cited the president as … Continue reading
How China’s Balkan Silk Road Can Resurrect The South Stream – OpEd
By Andrew Korybko Oriental Review China is extending its Silk Road into the Balkans, with a planned project to construct a railroad from the Greek port of Piraeus all the way to Budapest. This would connect Beijing’s primary port of entrance for its commercial goods to one of Central Europe’s main transport conduits, thereby pushing … Continue reading
This Is Exactly How Markets Behave Right Before They Crash – OpEd
By Michael Snyder When the stock market starts to behave like a roller coaster, that is a sign that a major move to the downside is right around the corner. As I have stated repeatedly, when the market is very calm it tends to go up. But when the waters start getting really choppy, that is … Continue reading
Gazprom Announces Final Nail In The South Stream Coffin
Europe will have to get gas via Turkey or Ukraine, there will be no direct transcontinental pipeline to Europe, Gazprom has confirmed. It is disappointing news for Bulgaria, which was hoping to get gas directly from Russia, and not via Ukraine. Gazprom CEO Aleksey Miller made it clear that Turkey, and not Bulgaria, will become … Continue reading
‘If OPEC Members Keep Defending Their Share, All Of Them Will Lose’
The oil price will continue to decline and all OPEC countries will lose, unless they stop defending their individual shares in the global market and agree on cutting production, World Bank oil and energy consultant Mamdouh Salameh told RT. RT: The Iranian president has implied that OPEC producers are tanking the prices on purpose. Do … Continue reading
Russia’s Putin, Venezuela’s Maduro To Meet For Talks On Oil, Finance – TASS
Russian President Vladimir Putin is due on Thursday to hold talks with his Venezuelan counterpart Nicolas Maduro, who will arrive in Russia on a working visit, presidential spokesman Dmitry Peskov has said. “In fact, President Putin plans to hold such a meeting on Thursday,” Peskov said, confirming earlier reports from Venezuelan sources. The sides will … Continue reading
